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Agent Services Information

EB Exchange Agent Service

Introduction

KSD as an exchange agent recieves exchange requests from a noteholder and notifies the details of exchange to the issuer.

Exercise Procedure

Exercise Procedure

  • ① A noteholder requests an exchange to KSD as exchange agent by presenting the bonds. Provided the bonds are deposited at the International Central Securities Depository(ICSD), exchange request is made through ICSD. The noteholder also notifies its local custodian of exchange details.
  • ② KSD(exchange agent) gives exchange details to the issuer
  • ③ The issuer requests KSD(custodian) to deliver shares
  • ④ KSD(CSD) delivers the shares to the local custodian appointed by the noteholder.